Albertsons reported Q1 non-GAAP EPS of $0.42, falling short of expectations, while revenue reached $24.94B, exceeding estimates by $90M.
Albertsons Companies posted first-quarter non-GAAP earnings per share of $0.42, missing estimates by $0.12. Revenue for the period totaled $24,941.6 million, a 0.2% year-over-year increase, surpassing forecasts by $90M.
Identical sales declined 0.8% compared to the same period last year, while digital sales surged 13%. The company attributed the revenue beat to stronger-than-expected consumer demand in key segments.
Shares showed limited movement in after-hours trading as investors weighed the earnings miss against the revenue beat.